May 11, 2016
Charles O. Couch, Couch Oil & Gas Inc.
SANCTION AMOUNT: $7,671,814
Defendants: Couch Oil & Gas Inc.
Charles O. Couch
Settlement of oil and gas scheme. Complaint alleged that defendants sold working interests in wells pursuant to offering materials with unsubstanitated, inflated projections. Further, defendants allegedly did not transfer the working interests and retained them in their own name, and commingled and used investor funds in undisclosed ways/contrary to representations.
- Key Docs
- Official SEC press release